DBS Sales

Is this clown now claiming that the prices at the auctions arent real? I honestly dont know why he's allowed access to a PC never mind access to this forum.
 
That's why I asked what he even means, OTB, but the reply obviously showed he had no clue what he was talking about either.
 
Simon said:
In what way do you mean Gigginstown break even, Cantoris? Just cover the training fees with prize money or purchase fees too? They earnt £1,462,597 in prize money in Britain and Ireland last season, and say it costs around £15,000 a year to have one in training then that covers 100 horses. I thought they had more than that, plus doesn't include any purchase prices. Not saying you're wrong, just curious.
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Annual income = Annual operating outgoings before capital expenditure

So net prizemoney is covering training and racing costs.

The capex obviously being the purchase price of horses. You cannot possibly make money from buying and racing a large string of horses unless you sell on, which he doesn't. Gigginstown annual training bill for a horse is a lot less that £15k. Its not even 15k in euro terms. But overall, that sounds about right. He must have 100 horses in training, another 50 in pre-training yards and a bunch of youngsters in a field at home.
 
Irish Stamp said:
It'd be some gamble they'd need to land though Cantoris - tried to work out his monthly training fees, think he ran 300+ horses in the UK and Ireland in 2011 which at £1,000 a month (think that's fairly cheap to be fair) he'd be having to land at least one monster touch a month (assuming all his gambles win).

Martin
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I agree and I did say it was something someone else said to me. I find it difficult to believe myself given the amount of rubbish he has but I know of one horse who they made a lot of money off and it didn't appear as a "gamble". That was just one instance but they don't have to appear as gambles all the time.
 
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